COMMENCEMENT OF GAS SALES IN COLORADO
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Friday, October 14, 2022
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It also marks an important step forward for AXP by establishing an operating framework to further grow revenues from its Colorado oil and gas operations.
Key Points:
- It also marks an important step forward for AXP by establishing an operating framework to further grow revenues from its Colorado oil and gas operations.
- With no requirement to flare gas, this project is a foundation for further monetisation of the Company's Colorado asset.
- Chief Executive Officer Tim Hart commented: "The commencement of gas sales under the sales agreement marks the achievement of a core operating objective for AXP in our Colorado operations.
- Collectively, revenue from first gas sales and the added revenue from increased oil sales will deliver a solid boost to our monthly revenue streams from this asset.